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Understanding the Power of MLS vs. The Internet When Selling Your Home
When you sell your home, you will uncover thousands of websites that claim to be the best way to market your home, and this has sellers questioning the necessity of the Multiple Listing Service (MLS). Understanding the differences between these platforms can shed light on why the MLS remains to be the cornerstone for successful…
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Don’t Skip Title Insurance to Save Money
When purchasing a property in Virginia, a title search should always be one of your first steps in the due diligence process. A title search is the examining of public records to verify the property’s legal ownership history and uncover any potential issues that might affect the title. This search can tell you so much…
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Appraisal vs. Assessment
What is the difference between the “Assessed” Value of a home and the “Appraised” Value? This can be very confusing for homesellers and homebuyers when considering the value of a home. Assessed Values The Assessed Home Value is a figure used by your local government to determine property taxes. A county assessor evaluates the property’s…
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Why It’s Not Crazy to Sell Your Home Now
Selling a home towards the end of the year might not be the first choice for many homeowners, but in today’s market, it can actually be a smart and strategic move. Here are some reasons why it could be the perfect opportunity to sell your property. 1. Reduced Inventory, Increased Visibility During the holidays, many…
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Why the Shift to Fully Online Transactions is Not Here Yet
In today’s age, the idea of completing real estate transactions entirely online seems like the obvious solution to closings, yet several factors have hindered the complete shift to digital. 1. Regulatory Hurdles and Legal Complexity One of the biggest reasons keeping us from doing real estate closings digitally is the intricate web of regulations and…
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Key Takeaway from October 2023: Still A Seller’s Market
Our Central Virginia Multiple Listing Service (CVRMLS) provides a comprehensive snapshot of the real estate market in the region for us each month. Analyzing the data reveals that homes are not only still selling but doing so rapidly, maintaining the trend of a seller’s market. Here are some key insights from the CVRMLS data as…
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Busting Common Real Estate Myths
When it comes to real estate, there are misconceptions that often cloud the judgment of homebuyers and homesellers. These myths couldn’t be farther from the truth. Let’s debunk four of the most common myths and shed light on the importance of working with a professional, full-time REALTOR®. Myth #1: REALTORS won’t show you For Sale…
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Tips for A Smooth Move
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Tips for Buyers When There is Low Inventory
Buying a home in a market with little inventory can be competitive and challenging. It’s time to be proactive, prepared and diligent in your approach. The following tips will help you navigate the market and make a smart purchase decision. 1. Get Pre-Approved with a local lender If you are planning to finance your purchase,…
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Don’t break the 10 Commandments of Lending
I think it’s time to remind you about the 10 Commandments of Lending. As soon as you break one of these, you officially sabotaged your home purchase transaction. You will have to start completely over and could possibly have to wait another year before you can buy a home. Remember the struggles from buying the…
